Follow the money, not the talk:
“MAGIC briefly touched 0.163 USDT, up more than 129% in 24 hours.”
When news like this breaks, I ask three questions about the money:
1. Which way are active buys and sells leaning?
2. Can trading volume for $MAGIC (24h: $50.12 million) expand significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably noise.
The hotter the news, the more important it is to see which side the money is on.
#MAGIC
Be aware of the risks and make your own judgment.
“MAGIC briefly touched 0.163 USDT, up more than 129% in 24 hours.”
When news like this breaks, I ask three questions about the money:
1. Which way are active buys and sells leaning?
2. Can trading volume for $MAGIC (24h: $50.12 million) expand significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably noise.
The hotter the news, the more important it is to see which side the money is on.
#MAGIC
Be aware of the risks and make your own judgment.